Colombian equities finished the trading day in negative territory on Friday, with the benchmark COLCAP index closing down 0.38%. The session decline was attributed to losses concentrated in the Financials, Investment and Public Services sectors.
Among constituents, Grupo Cibest SA (BVC:CIBEST) was the strongest performer, rising 2.59% - an increase of 2,100.00 points - to finish at 83,260.00. Organizacion Terpel SA (BVC:TERPEL) advanced 0.56% or 100.00 points to close at 18,080.00, while Mineros SA (BVC:MINEROS) gained 0.39% or 60.00 points to end the day at 15,580.00.
On the downside, Grupo Energia Bogota SA ESP (BVC:GEB) recorded the steepest fall, declining 4.88% or 145.00 points to trade at 2,825.00 at the close. Cementos Argos SA (BVC:CEMARGOS) dropped 2.52% - down 280.00 points - to finish at 10,840.00, and Grupo Aval Acciones y Valores SA Pref (BVC:PFAVAL) slipped 2.21% or 18.00 points to end at 797.00.
Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Commodities displayed modest strength in US trading. The coffee C contract for September delivery rose 1.55% or 4.80 to $314.20. US cocoa for September delivery increased 0.57% or 30.00 to $5,331.00. The August gold futures contract inched higher by 0.14% or 5.50, trading at $4,055.70 per troy ounce.
Currency moves showed the US dollar firming against regional currencies. USD/COP climbed 0.39% to 3,226.90, and BRL/COP rose 0.40% to 634.92. The US Dollar Index Futures were up 0.01%, trading at 101.30.
The session highlighted a broadly cautious tone across Colombia's market, as sector-specific weakness in Financials, Investment and Public Services coincided with selective gains among commodity-linked and industrial names. Market breadth was summarized in the unusual reported advance-decline figure of 0 to 0.
Market snapshot:
- Index: COLCAP -0.38%
- Top gainers: CIBEST +2.59%, TERPEL +0.56%, MINEROS +0.39%
- Top decliners: GEB -4.88%, CEMARGOS -2.52%, PFAVAL -2.21%
- Currencies: USD/COP +0.39% to 3,226.90; BRL/COP +0.40% to 634.92
- Commodities: Coffee +1.55% to $314.20; Cocoa +0.57% to $5,331.00; Gold +0.14% to $4,055.70